In recent years, there have been numerous home foreclosures around the US. According to a 2013 report from Policy Matters Ohio, there were 70,469 foreclosures filed in Ohio in 2012 – a slight decrease from 2011, but still a high number. After people file a foreclosure, they do their best to rebuild their lives (and […]
When managed well, bankruptcy has the potential to help you restart your life and re-organize your finances. One of the important benefits that bankruptcy can give you is breathing room from creditors. Automatic stay When creditors are pursuing you, the pressure can be intense. They may refuse to negotiate with you. They may call you […]
One of people’s chief concerns about filing for bankruptcy is the impact it will have on their credit score. They imagine that it will take years and years to improve their credit score, and the bankruptcy will have an irreversible impact on their ability to apply for loans or undertake other financial transactions in the […]
Many people dream of owning a home. However, the responsibilities of homeownership are extensive and need to be undertaken when you’re financially stable. If you’re going through bankruptcy right now, you may still hold onto the hope of owning a home one day. When is it realistic to try to purchase a home? And is […]
Among the financial issues you may be struggling with are overwhelming student loan debts. A recent article from USA Today names student debt as one of the biggest threats to the state of the economy: According to TransUnion, in 2005 student loans accounted for less than 13% of the total debt load for adults age […]
In Ohio, most creditors must sue you in court and win before they are able to gain a judgment against you and garnish your wages. Some exceptions to this include, child support arrears, unpaid income taxes, and student loans. There is a limit to how much money can be garnished from your paycheck. The limit […]
Bankruptcy is only one method of resolving your financial difficulties. The first step in getting control of your debt is to check in to all of the alternatives available to consumers in Ohio. Some of these include: Doing your own negotiating with creditors Consolidation loans Credit counseling Negotiation with your creditors can sometimes be successful. […]
If you are thinking about filing for bankruptcy, it would help you to understand what a Chapter 7 bankruptcy is all about. This is a general overview of a Chapter 7 bankruptcy, for you to become familiar with the basics . A Troy, Ohio Bankruptcy Attorney can give you more detail, if you reside in the Troy-Dayton area, […]
When people get overwhelmed with debt, they have hard choices to make and various pros and cons to weigh. A recent article from the Huffington Post addresses some of these difficult decisions as it compares bankruptcy to debt consolidation. There isn’t a one-size-fits-all solution. People have to make their decisions based on what suits them […]
A recent ruling by the U.S. Supreme Court has made inherited IRAs fair game for creditors in bankruptcy cases in most of the nation. However, Ohio is one of the few states — along with Alaska, Arizona, Florida, Missouri, North Carolina, and Texas — where this ruling doesn’t apply. Why doesn’t it apply? Because laws […]